Perine Company has 2,000 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,000 and 5,000 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 25% of next months materials requirements. Prepare the direct materials budget for January.

PERINE COMPANY Direct Materials Budget choose the accounting period For the Month Ending January 31, 2020January 31, 2020For the Quarter Ending January 31, 2020

select an opening direct materials budget item Beginning Materials InventoryCost Per PoundDesired Ending InventoryDirect Labor Cost Per HourDirect Labor Time Per UnitDirect Materials PurchasesDirect Materials Per UnitTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Materials RequiredTotal Pounds Required for ProductionTotal Required Direct Labor HoursUnits to be Produced

enter a number of units

select an item Beginning Materials InventoryCost Per PoundDesired Ending InventoryDirect Labor Cost Per HourDirect Labor Time Per UnitDirect Materials PurchasesDirect Materials Per UnitTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Materials RequiredTotal Pounds Required for ProductionTotal Required Direct Labor HoursUnits to be Produced

enter the amount of pounds

select a summarizing line for the first part Beginning Materials InventoryCost Per PoundDesired Ending InventoryDirect Labor Cost Per HourDirect Labor Time Per UnitDirect Materials PurchasesDirect Materials Per UnitTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Materials RequiredTotal Pounds Required for ProductionTotal Required Direct Labor HoursUnits to be Produced

enter a total amount of pounds for the first part

select between addition and deduction AddLess: select an item Beginning Materials InventoryCost Per PoundDesired Ending InventoryDirect Labor Cost Per HourDirect Labor Time Per UnitDirect Materials PurchasesDirect Materials Per UnitTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Materials RequiredTotal Pounds Required for ProductionTotal Required Direct Labor HoursUnits to be Produced

enter the amount of pounds

select a summarizing line for the second part Beginning Materials InventoryCost Per PoundDesired Ending InventoryDirect Labor Cost Per HourDirect Labor Time Per UnitDirect Materials PurchasesDirect Materials Per UnitTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Materials RequiredTotal Pounds Required for ProductionTotal Required Direct Labor HoursUnits to be Produced

enter a total amount of pounds for the second part

select between addition and deduction AddLess: select an item Beginning Materials InventoryCost Per PoundDesired Ending InventoryDirect Labor Cost Per HourDirect Labor Time Per UnitDirect Materials PurchasesDirect Materials Per UnitTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Materials RequiredTotal Pounds Required for ProductionTotal Required Direct Labor HoursUnits to be Produced

enter the amount of pounds

select a summarizing line for the third part Beginning Materials InventoryCost Per PoundDesired Ending InventoryDirect Labor Cost Per HourDirect Labor Time Per UnitDirect Materials PurchasesDirect Materials Per UnitTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Materials RequiredTotal Pounds Required for ProductionTotal Required Direct Labor HoursUnits to be Produced

enter a total amount of pounds for the third part

select an item Beginning Materials InventoryCost Per PoundDesired Ending InventoryDirect Labor Cost Per HourDirect Labor Time Per UnitDirect Materials PurchasesDirect Materials Per UnitTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Materials RequiredTotal Pounds Required for ProductionTotal Required Direct Labor HoursUnits to be Produced

$enter a dollar amount

select a closing direct materials budget item Beginning Materials InventoryCost Per PoundDesired Ending InventoryDirect Labor Cost Per HourDirect Labor Time Per UnitDirect Materials PurchasesDirect Materials Per UnitTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Materials RequiredTotal Pounds Required for ProductionTotal Required Direct Labor HoursUnits to be Produced

$enter a total dollar amount